Welcome to our dedicated page for Horizon Kinetics SPAC Active ETF news (Ticker: SPAQ), a resource for investors and traders seeking the latest updates and insights on Horizon Kinetics SPAC Active ETF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Horizon Kinetics SPAC Active ETF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Horizon Kinetics SPAC Active ETF's position in the market.
Horizon Kinetics LLC launched two new actively managed ETFs: Horizon Kinetics SPAC Active ETF (SPAQ) and Horizon Kinetics Medical ETF (MEDX), effective January 30, 2023. SPAQ is designed to generate realized capital gains by investing in SPACs, seeking to benefit income-dependent investors dissatisfied with traditional bank interest rates. MEDX aims to invest in high-margin pharmaceuticals and biologics, leveraging a long-term investment strategy. Both ETFs offer lower expenses than their mutual fund counterparts and are part of Horizon Kinetics' $8 billion asset management portfolio.
Spartan Acquisition Corp. III (NYSE: SPAQ) is set to finalize its business combination with Allego Holding B.V., a leading electric vehicle charging network, on March 16, 2022. Following this merger, Allego's ordinary shares and warrants will trade on the New York Stock Exchange starting March 17, 2022, under the symbols ALLG and ALLG.WS. Allego operates over 26,000 charging points across Europe and aims to enhance the EV charging infrastructure while remaining agnostic of vehicle models. This move marks a significant step in advancing sustainable transport solutions in Europe.
Allego Holding B.V. provided an operational update for January and February 2022, showcasing strong growth following its planned business combination with Spartan Acquisition Corp. III (NYSE: SPAQ). Key highlights include a 100% renewable energy supply delivering 10.25GWh monthly, an 83% increase in total charging sessions to 1.35 million, and a unique user growth of 63% year-over-year. The utilization rate for charging stations rose to 7.6%, despite a 17% price increase. The company remains well-positioned for growth amid increasing EV adoption across Europe.
Spartan Acquisition Corp. III (NYSE: SPAQ) shareholders approved the business combination with Allego Holding B.V., a leading European electric vehicle charging network, with 94% support at the March 8, 2022 meeting. The transaction is set to close during the week of March 14, 2022. Upon completion, the merged entity will be renamed Allego N.V., and its shares will trade under the ticker symbols "ALLG" and "ALLG.WS". Allego currently operates over 28,000 charging points across Europe and aims to expand its infrastructure to meet growing electric vehicle demands.
Allego has announced a strategic agreement with Tamoil Italia to develop 11 charging locations in Italy, including ten ultra-fast and one fast-charging site, with a 25-year lease agreement. Three locations will be in Milan. CEO Mathieu Bonnet emphasized the growth of electric vehicle demand and Allego's commitment to expanding its presence across Europe, now operating in over 16 countries. The partnership aims to enhance e-mobility services for customers, reflecting Allego's leadership in the fast-charging network in Europe.
Spartan Acquisition Corp. III (NYSE: SPAQ) and Allego Holding B.V., a pan-European EV charging network, announced the SEC's approval for their business combination on February 10, 2022. A Special Meeting for stockholders to vote on this merger is scheduled for March 8, 2022, at 11:00 a.m. ET. If approved, Allego's stock will be listed on NYSE under the ticker 'ALLG.' Spartan encourages all stockholders to vote by March 7, 2022, to ensure representation. The merger is expected to enhance Allego's position in the European EV charging market amidst rising demand.
Allego Holding B.V., a pan-European EV charging network, announced the appointment of Manish A. Somaiya as Group Head of Investor Relations and Capital Markets, effective January 10, 2022. CEO Mathieu Bonnet highlighted Somaiya's expertise in fostering investor relationships, aiming to strengthen Allego's market strategy. Somaiya, with over 20 years of experience in investment research from firms like Citigroup and J.P. Morgan, is expected to enhance Allego's communication strategy. Allego operates over 26,000 charge points across Europe, positioning itself as a leader in EV charging solutions.
Allego has announced a strategic partnership with ARCOS, a subsidiary of VINCI Autoroutes, to build a new electric vehicle charging site along the A355 motorway in France. This site, operational by January 2022, will feature five chargers including fast and ultra-fast options, catering to the growing demand for EV infrastructure. Allego, which operates over 26,000 charge points across Europe, aims to enhance its charging footprint in response to the increasing number of electric vehicles on the road, with the A355 attracting over 28,000 vehicles daily.
Allego has secured 14 new ultra fast charging locations in Flanders, Belgium, following previous approvals from the Flemish government in 2020. This expansion will add up to 56 ultra fast chargers by mid-2024, enhancing the EV charging network. The project is co-financed by the European Union and the Flemish Agency for Roads and Traffic. Allego plans to improve customer experience with multi-language interfaces and a canopy concept. The company aims to meet the growing demand for electric vehicle charging solutions across Europe.
Allego Holding B.V. will present at the 24th Annual Needham Growth Conference on January 13 at 12:30 PM ET. The event will highlight Allego’s progress in electric vehicle charging solutions across Europe, where it operates over 26,000 charge points. The company is set to become publicly traded through a business combination with Spartan Acquisition Corp. III (NYSE: SPAQ). This merger aims to enhance Allego's capacity to deliver reliable and accessible charging solutions, positioning it as a key player in the EV market.
FAQ
What is the current stock price of Horizon Kinetics SPAC Active ETF (SPAQ)?
